JBS funds buyback with new notes

Brazil's JBS has lined up $950m in new notes to fund the buyback of its 7.25% 2021 bonds and pay off other short-term debts.
JBS USA, the meat company's US subsidiary, is marketing $650m in new 10-year notes to pay for the buyback and extend its bond maturities.
The company has offered to pay bondholders $1,005 for every $1,000 in 2021s tendered by the early deadline on April 12. After that, it has offered to pay $975 for every $1,000 through the final deadline on April 29. Barclays is the deal